Common use of Fees and Terms Clause in Contracts

Fees and Terms. The fee for the activities described herein is [***], payable as follows: a. [***], payable upon SOW execution; b. [***], payable upon Lonza providing VBL with an electronic copy of the draft study report for its records. Invoices will be provided via e-mail and associated payments are due upon invoice receipt. Payments are to be made via wire transfer using the Lonza account information set forth in the Agreement. In the event of a termination of this SOW or the Agreement for any reason, VBL shall pay reasonable costs incurred by Lonza up to the effective date of termination (including out-of-pocket losses to Lonza for purchase of unmarketable materials which have become unusable by reason of termination), all uncancellable labor commitments and all work in process (including all professional services rendered) through the effective date of termination.

Appears in 1 contract

Sources: Manufacturing Services Agreement (Vascular Biogenics Ltd.)

Fees and Terms. The fee for the activities described herein is [***], payable as follows: a. [***], payable upon SOW execution; b. [***], payable upon Lonza providing VBL with an electronic copy of the draft final study report for its recordsissued by [***]. Invoices will be provided via e-mail and associated payments are due upon invoice receipt. Payments are to be made via wire transfer using the Lonza account information set forth in the Agreement. In the event of a termination of this SOW or the Agreement for any reason, VBL shall pay reasonable costs incurred by Lonza up to the effective date of termination (including out-of-pocket losses to Lonza for purchase of (i) unmarketable materials which have become unusable by reason of terminationtermination and (ii) services from a third party), all uncancellable labor commitments and all work in process (including all professional services rendered) through the effective date of termination.

Appears in 1 contract

Sources: Manufacturing Services Agreement (Vascular Biogenics Ltd.)

Fees and Terms. The fee fees for the activities described herein is above total [***], payable as follows: a. 1. [***], payable upon SOW execution; b. 2. [***], payable upon Lonza providing VBL with an electronic copy of the draft study report for its records. Invoices will be provided via e-mail and associated payments are due upon invoice receipt. Payments are to be made via wire transfer using the Lonza account information set forth in the Agreement. Portions of this exhibit have been omitted and filed separately with the SEC pursuant to a confidential treatment request and are indicated by [***]. In the event of a termination of this SOW CO or the Agreement for any reason, VBL shall pay reasonable costs incurred by Lonza up to the effective date of termination (including out-of-pocket losses to Lonza for purchase of unmarketable materials which have become unusable by reason of termination), all uncancellable labor commitments and all work in process (including all professional services rendered) through the effective date of termination.

Appears in 1 contract

Sources: Manufacturing Services Agreement (Vascular Biogenics Ltd.)